BURLINGTON, Mass.–Vertifi, a provider of payment system technologies, and its parent company, Eastern Corporate FCU (EasCorp), have both been featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.
WASHINGTON–It’s increasingly likely anything credit unions want to see passed in the current Congress will need to be included in larger omnibus packages, according to one person.
WASHINGTON–Russia’s attack upon Ukraine and the resulting crisis has affected much of the agenda on Capitol Hill, and that includes credit unions.
WASHINGTON–The most recent acquisition of a bank by a credit union—six so far in 2022, as CUToday.info reported here–continues to also bring criticism from the banking industry, whose trade groups have been working to get Congress to focus on the issue. But at least one person doesn’t expect elected officials will respond.
SANTA MONICA, Calif.–Consumers and credit union members who have car leases due to expire soon are being urged to carefully explore their options, as a 2019 leased car, for example, is now worth an average $7,200 more than expected.
WASHINGTON–In just two years there has been an “important culture shift” among credit unions when it comes to diversity, equity and inclusion (DEI), according to a new CUNA survey.
WASHINGTON—NAFCU is offering several recommendations to the Federal Housing Finance Agency (FHFA) in response to its draft strategic plan for fiscal years 2022-2026.
Regulatory Affairs Counsel Aminah Moore highlighted the importance the role of government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as the FHLBs serving as a reliable source of liquidity and funding for housing finance and community investment, noting that credit unions rely on access to the secondary mortgage market for the liquidity needed to make more loans to their members.
MOSCOW—Sberbank said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard suspended operations following the invasion of Ukraine.
WASHINGTON–An initiative aimed at tackling the issues facing rural America has been launched by the Consumer Financial Protection Bureau (CFPB), with a particular focus on rural banking deserts, discriminatory and predatory agricultural credit and manufactured housing.
MADISON, Wis.–The Filene Research Institute has announced a new edition, The Lab at Filene.
